Sesha Utters

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Posts Tagged ‘Petroleum’

RIL Industries finds treasure in Yemen

Posted by seshdotcom on April 9, 2008

The Reliance Oil Plant in yemen

The Yemen Buzz:Reliance Syndicate has made a remarkable discovery of Oil in Yemen.(Guess What is Significant with this discovery??????->It is the same Yemen where the Business Lynch pin Dhirajlal Hirachand Ambani worked as an attendant in a Petroleum Bunk in Shell Station.The discovery of the Vehicle Elixir was made in Block 9 Qarn Qaymah 2.Now as an Initial step the Company is making a survey of customer interests and according to Reliance it is a incalculable Monetary

Reliance in Yemen:

The RIL has been active in yemen from the year 2001 when it acquired some 25% stakes of the Block 9.And the main competitor to reliance in Yemen has been HOOD OIL Group,Subsidiray of an yemen based group Hayel Saeed Anam Group.The Reliance Industries owned Block 9 produces 10,000 barrels of oil per day which really guys is a very Exhorbitant Amount.

Hike in Reliance Shares:

There is a Huge margin of hike in Reliance share the RIL Shares closed then sensex on 2405.7 Rs on Monday which is an Increase in 6% of the Share value a week back so the Yemen Acquisition will make a Substantial Surge in the RIL share in the market.

So RELIANCE has emerged as one of the Largest Company in terms of Facilities opened,Sectors etc and this Acquisition and Discovery of the vehicle Elixir will surely enter into the Reliance Ind History Books as Indelible..


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